ARETE TRADING WEEKLY REPORT

🔥Indexes closed below a Key Level 🗝️

The Indexes closed below a key level that has not happened since this rally began. Since the start of the recent push to higher prices we saw the 8 day moving averages being respected. We did not have one close below that after they became support. That has changed on all three indexes today. Technically they need to close there for at least three day or more. For trading sake its best to assume they are broken and err on the side of caution. What this means is simply we may drift down a bit or go sideways before we continue to climb higher towards the end of the year. Today’s low on all three indexes can be used as minor support levels. If they break those tomorrow, it is safe to assume more selling. We did have great earnings reports tonight. AFRM , BROS , SOFI and OPEN all beat expectations. This should have a position effect and we are seeing stocks across the board bid up in after hours trading. Please note several of the stops were raised since last week. The Top 5 video linked at the bottom has a few of the earnings beat names in it. Let’s get to it !

Let’s Look at our Indexes!

Let’s Look at our Stocks!

Subscribe to You Tube! 👈Subscribe and turn on notifications. There is a new daily video after the market! It’s called the Top 5 in 5. It consists of the best five ideas for the next day and I condense it into 5 minutes. Its loaded with actionable ideas Today’s video has 5 BUY ideas. Its worth your time. It is hyper specific and actionable. When you subscribe turn on notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely. If you do not see a position and have questions please email me: ARETE@ARETETRADING.NET Wishing everyone Massive Success

Now you can share the Newsletter!

👇👇👇

Subscribe Now

👇👇👇